DA Davidson Cuts Enterprise Financial Services (NASDAQ:EFSC) Price Target to $45.00

Enterprise Financial Services (NASDAQ:EFSC - Free Report) had its price target lowered by DA Davidson from $47.00 to $45.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has a buy rating on the bank's stock.

A number of other equities analysts have also commented on EFSC. Keefe, Bruyette & Woods reduced their target price on shares of Enterprise Financial Services from $51.00 to $49.00 and set an outperform rating on the stock in a research report on Wednesday. Piper Sandler reduced their target price on shares of Enterprise Financial Services from $48.00 to $47.00 and set an overweight rating on the stock in a research report on Wednesday, January 24th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average price target of $47.75.

Enterprise Financial Services Trading Down 0.2 %

Enterprise Financial Services stock traded down $0.07 during midday trading on Wednesday, reaching $39.13. The stock had a trading volume of 256,510 shares, compared to its average volume of 144,172. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.28. Enterprise Financial Services has a 52-week low of $32.97 and a 52-week high of $46.17. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of 8.38 and a beta of 0.99. The company has a fifty day moving average of $39.40 and a 200 day moving average of $40.04.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last posted its quarterly earnings data on Monday, January 22nd. The bank reported $1.21 earnings per share for the quarter, topping analysts' consensus estimates of $1.19 by $0.02. Enterprise Financial Services had a net margin of 20.60% and a return on equity of 11.50%. The company had revenue of $166.18 million for the quarter, compared to analyst estimates of $157.53 million. On average, analysts anticipate that Enterprise Financial Services will post 4.47 earnings per share for the current fiscal year.

Enterprise Financial Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, June 14th. This is an increase from Enterprise Financial Services's previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.66%. Enterprise Financial Services's dividend payout ratio (DPR) is currently 21.41%.

Hedge Funds Weigh In On Enterprise Financial Services

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Wellington Management Group LLP boosted its stake in shares of Enterprise Financial Services by 7.0% during the fourth quarter. Wellington Management Group LLP now owns 2,295,011 shares of the bank's stock valued at $102,472,000 after purchasing an additional 150,023 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Enterprise Financial Services by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 1,994,848 shares of the bank's stock valued at $89,070,000 after purchasing an additional 48,583 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Enterprise Financial Services by 5.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,912,329 shares of the bank's stock valued at $85,387,000 after purchasing an additional 99,703 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Enterprise Financial Services by 4.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 411,413 shares of the bank's stock valued at $15,428,000 after purchasing an additional 16,069 shares in the last quarter. Finally, Jennison Associates LLC boosted its stake in shares of Enterprise Financial Services by 34.3% during the fourth quarter. Jennison Associates LLC now owns 411,256 shares of the bank's stock valued at $18,363,000 after purchasing an additional 105,004 shares in the last quarter. 72.21% of the stock is currently owned by institutional investors.

Enterprise Financial Services Company Profile

Enterprise Financial Services Corp operates as the holding company for Enterprise Bank & Trust that offers banking and wealth management services to individuals and corporate customers primarily in Arizona, California, Florida, Kansas, Missouri, Nevada, and New Mexico. It provides checking, savings, money market accounts, and certificates of deposit.